Today, Uncle8888 received a call from his medical insurance company asking why he didn't submit Medisave claim form. Insurance: Why you didn't submit your Medisave claim form? CW: Why do I need to submit Medisave form as I am paying total cash! Insurance: First 10% of medical bill is deducted from Medisave first and only 90% is reimbursed. CW: I know! No problem. I paid cash as I don't want to touch my Medisave now. I reserve my Medisave for future. Medisave is never enough when I grow older. Insurance: Oh yeah! Medisave is 4%. We will reimburse you $X,XXX on XXX (90% of bill)
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
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